. Consider the cost items 1 through 9 below: Evaluate the costs below and determine whether the associated dollar amounts would appear on the firm's (B/S) balance sheet, (P&L) income statement, or (COGM) schedule of cost of goods manufactured.

Identify the statement indicated by marking the line with (B/S), (P&L) or (COGM) in the space provided:

A. Answers

1. Sales commissions earned by a company's sales force. __________________

2. Raw materials purchased during the period. __________________

3. Current year's depreciation on a firm's manufacturing facilities. ___________________

4. Year-end completed production of a carpet manufacturer. ___________________

5. The cost of products sold to customers of an apparel store. ___________________

6. Wages earned by machine operators in a manufacturing plant. ___________________

7. Income taxes incurred by an airline. ___________________

8. Marketing costs of an electronics manufacturer. ___________________

9. Indirect labor costs incurred by a manufacturer of office equipment. ___________________